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Choosing a College Based Only on Cost

So I recently received a generous scholarship offer from a decent public school that would pay for all but $1000
of my costs (which I'd end up paying nothing because of lottery money). My parents are all in for me to go to that college, but I'm just not sure. I mean is its really smart to make such a big decision based only on cost?
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* Does it have worthy degree programs and courses in your intended or possible major(s)?
* How do your other choices compare in terms of net cost, academics in your intended or possible major(s), and other characteristics?

If your qualifications were good enough to get you a generous scholarship from a decent public college, then they may or may not be good enough to get you an equally generous offer from a school you like even better. You need to provide much more information to help others help you decide whether you have better options:
- GPA and class rank
- test scores
- extracurricular activities, interests and achievements
- intended major
- estimated Expected Family Contribution (what the colleges expect your family to pay)
- budget (what your family actually is able and willing to pay)
- intended major
- preferences for school size, location, atmosphere, etc.
- state of residence

First of all, what is your family's financial situation. If paying tuition would result in a hardship to your family then choosing a no-cost option may be your best choice. In fact, one can argue persuasively that paying what can approach $250,000 is never worth it vs a free alternative at a respectable school. (you can find many threads discussing the pros and cons of this on CC).

Once you get past this -- you have to look at your options, costs, comparisons of the school, family situation (again, etc). In the end, many students find themselves admitted to a 'better' school (whatever better means) and another school with a much lower cost. Some choose the better school, some the other one.

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